As the US presidential election approaches, Wall Street is increasingly pricing in a potential victory for Donald Trump, with investors assigning a 75% probability to his win. Investors are responding to this by shifting their portfolios, anticipating policies such as deregulation, lower interest rates, and increased domestic manufacturing. This trend, dubbed the 'Trump Trade,' has led to a rotation from technology stocks to other sectors, with banks poised for short-term outperformance. Market analysts from Wells Fargo and Bank of America note that investors are also expecting a Federal Reserve rate cut in September, with a 100% probability assigned to this event. Despite political uncertainties, the stock market remains focused on these economic factors, with some investors bullish on bonds, bullion, and small-cap stocks in preparation for a possible Trump administration and a soft landing.